An Alabama durable power of attorney form allows a person to choose someone else that will have the capability to act in their place for financial decision-making. The term “durable” refers to the designation that if the principal can no longer make decisions for themselves that their selected agent will be able to act on their behalf.
Agent Certification (§ 26-1A-302) – Attached to the power of attorney form and must be completed by the agent selected.
“Durable” Definition – § 26-1A-102(2)
Laws – § 26-1A-104
Signing Requirements – Notary Public (§ 26A-1A-105)
The durable power of attorney ends when either revoked by the principal or a court and in the event of the principal’s death. It also can end on divorce if the spouse is the Attorney-In-Fact. In rare cases, a court of law can invalidate the agreement.
All decisions made on behalf of the assigned agent must be to the sole benefit of the Principal in regards to:
In order for the form to be considered legal, it must be signed by all parties in front of a notary public.